Copper Trend Today Technical Analysis for 04-12-2019 12:00:03

by wealthmann

December 4, 2019

28

In 1 hour chart Copper price continues to trade at 428.8 and below the (Exponential Moving Average)EMA200 value of 433.246 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Copper continues to trade below level, that could be an extraordinarily Bearish sign for Copper

Even so, the 200-candle Exponential moving average (EMA) price range of 433.246 is proving a tough nut to crack.

Pivot (invalidation): 429.683

Our preference: Long positions above 431.167

Alternative scenario: Below 426.767 look for further downside.

Support Resistance Levels For Copper Today at 04-12-2019 12:00:03

Pivot: 429.683

Resistance 1: 431.167

Resistance 2: 434.083

Resistance 3: 435.567

Support 1: 426.767

Support 2: 425.283

Support 3: 422.367

Yesterday High Low Close For Copper

Yesterday High: 432.6

Yesterday Low: 428.2

Yesterday Close: 428.25

Today at 04-12-2019 12:00:03 Copper trading at 428.8 with high of 429.45 and low of 428.55